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Iran, North Korea, Ecuador Top FATF List of 28 Problem Jurisdictions
By Brian Monroe
printAn influential financial crime watchdog group released Thursday a much-anticipated list of nearly 30 countries with anti-money laundering and counter terrorism financing deficiencies. The list, by the Paris-based Financial Action Task Force (FATF), is divided into two parts and is the second such document to be published by the intergovernmental group in a decade. Group of 20 leaders called on FATF in September to again name jurisdictions with poor anti-money laundering (AML) and terror financing controls. The organization last maintained a blacklist between 2000 and 2006, which named as many as 23 jurisdictions. On Thursday, FATF divided the countries into...
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